Question: In its 2010 income statement, what should House report as contest prize expense? a. $0 b. $ 418,250 c. $ 468,250 d. $1,000,000

In its 2010 income statement, what should House report as contest prize expense?

a. $0

b. $ 418,250

c. $ 468,250

d. $1,000,000

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